Flat Glass Group Balance Sheet Health
Financial Health criteria checks 4/6
Flat Glass Group has a total shareholder equity of CN¥22.4B and total debt of CN¥14.9B, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are CN¥44.1B and CN¥21.7B respectively. Flat Glass Group's EBIT is CN¥2.9B making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥5.5B.
Key information
66.6%
Debt to equity ratio
CN¥14.90b
Debt
| Interest coverage ratio | 6.6x |
| Cash | CN¥5.53b |
| Equity | CN¥22.37b |
| Total liabilities | CN¥21.74b |
| Total assets | CN¥44.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601865's short term assets (CN¥15.5B) exceed its short term liabilities (CN¥9.1B).
Long Term Liabilities: 601865's short term assets (CN¥15.5B) exceed its long term liabilities (CN¥12.6B).
Debt to Equity History and Analysis
Debt Level: 601865's net debt to equity ratio (41.9%) is considered high.
Reducing Debt: 601865's debt to equity ratio has increased from 47.1% to 66.6% over the past 5 years.
Debt Coverage: 601865's debt is well covered by operating cash flow (33.6%).
Interest Coverage: 601865's interest payments on its debt are well covered by EBIT (6.6x coverage).